Global Bioinformatics Market Projected to Reach USD 17.5 Billion by 2024

Posted on 2018-08-28 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Aug-28 — /EPR Network/ —The advancement in data mining techniques in the field of biologics, in order to analyze biological data sets and solve the biological problems, are anticipated to be the major driving factor for the growth of global bioinformatics market. According to Goldstein Research, global bioinformatics market size is expected to reach USD 17.5 billion by 2024, growing at a robust compounded annual growth rate of 20.5% during the forecast period 2016-2024.

Global bioinformatics market segmentation has been carried out on the basis of product type, sector, application and geography. Based on product type, the molecular medicine segment accounted for 30.0% of global bioinformatics market share in 2016.

Further, Global bioinformatics industry is estimated to be dominated by North America with a market size of USD 5.89 billion in 2016, followed by Europe bioinformatics market share. Also, the two regions Middle East & Africa and Latin America are showing growth prospects of the bioinformatics market on the back of growing genomics market, leading to the development of bioinformatics platform in the region.

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Market Segmentation

On the basis of our in-depth analysis, Global Bioinformatics Market can be segmented as follows:

By Product Type

Platform
Product & Services
Molecular Medicine
Preventive Medicine
Sequence analysis
Sequence alignment
Sequence manipulation
Structural analysis
Sequencing services
Database and management
Data Analysis
Tools

By Sector

Medical Bioinformatics
Animal Bioinformatics
Agricultural Bioinformatics
Academics
Other (Microbial Genome)

By Application

Chemoinformatics and Drug Design
Genomics
Proteomics
Transcriptomics
Metabolomics
Agriculture
Environment
Forensic Sciences

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Bioinformatics Market Outlook 2024” contains the detailed overview of the global bioinformatics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, sector and application.

Further, for the in-depth analysis, Global Bioinformatics Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market analysis report also includes competitive outlook of some of the major players profiling of companies such asIlluminaInc, Waters Corporation, Agilent Technologies, Inc, Thermo Fisher Scientific Inc., Sencel bioinformatics, S.A.F.A.N. Bioinformatics SAS, Bio via, Regeneron Pharmaceuticals, Biomax Informatics AG, Qiagenn.v., Inc, Geneva Bioinformatics SA, Norway bioinformatics SLU,etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global bioinformatics market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Bioinformatics Report

What is the Global Bioinformatics Market Size by 2024 and what would be the expected growth rate of the market?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the bioinformatics market trends?
What are the factors which are driving this market?
What are the major barriers to bioinformatics market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?

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